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I just noticed that Blispay did a HP on my Experian report on March 11. I opened this Account last fall and have never contacted for a credit limit increase or for any other reason. Can I fight this? I notice that when trying to dispute it doesn't give you the option to say it was not authorized, just random.
Has anyone experience this? Does anyone have any advice?
Are you sure it's a HP? You could try to fight it, but by you having a relationship with them they have permissible purpose to pull your credit report for any kind of account review. This pull can be a SP or a HP.
They probably don't know how to do soft pulls.
Ask them to raise your limit since they already ran it!
That's interesting! Wonder if this is how blispay is going to do business. A hp on cardholders every quarter? That would tick some people off.
@joltdude wrote:
If it is a hp, since you have an account Blispay has implied consent to hp.
Is that true? I thought that lenders had consent to SP but had to get your consent each time they HP (for example, Citi will tel you if your CLI request will be a HP or just based on internal data).
If that is true, then I think this is the first time I've ever heard of a lender doing this; and for me at least, any lender that HP without my consent will be permanently BL by me for anything!
It's necessary to have "permissible purpose" to do either kind of pull.
Generally, hard pulls are done when consumers are seeking credit or some kind of service where their payment habits are relevant. Nobody was seeking credit in the OP's situation. I'd call and question it.
15 U.S. Code § 1681b - Permissible purposes of consumer reports
(a) In general: Subject to subsection (c), any consumer reporting agency may furnish a consumer report under the following circumstances and no other:
(3)To a person which it has reason to believe—
(A)intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer;
(F)otherwise has a legitimate business need for the information—
(i)in connection with a business transaction that is initiated by the consumer; or
(ii)to review an account to determine whether the consumer continues to meet the terms of the account.
Yes they have permissable purpose.
Comenity has a nasty habit of doing a HP on someone before they take AA.
Both policies kinda suck IMO, but they didn't do anything "wrong" :\